FX.co ★ Trading tips on Dogecoin

Dogecoin hit the first target price and is on its way to the second one.

This shows that the token has good growth potential despite the lag in trading.

Considering this, traders can take long positions from the current prices up to 0.35, which is the August high. Then, stop loss could be set at 0.22. The risk-reward ratio of this transaction is 2:1.

Good luck and have a nice day!

This analysis is based on the Price Action and Stop Hunting strategies.